Consilio Wealth Advisors LLC Trims Holdings in General Electric (NYSE:GE)

Consilio Wealth Advisors LLC reduced its holdings in shares of General Electric (NYSE:GE) by 13.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,207 shares of the conglomerate’s stock after selling 192 shares during the period. Consilio Wealth Advisors LLC’s holdings in General Electric were worth $201,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Toth Financial Advisory Corp bought a new position in General Electric during the third quarter worth $25,000. Valley Wealth Managers Inc. bought a new position in General Electric during the third quarter worth $25,000. O Brien Wealth Partners LLC bought a new position in General Electric during the third quarter worth $27,000. Peterson Financial Group Inc. bought a new position in General Electric during the third quarter worth $28,000. Finally, RPg Family Wealth Advisory LLC bought a new position in General Electric during the third quarter worth $30,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Price Performance

NYSE:GE traded down $0.04 during mid-day trading on Monday, reaching $171.65. 3,835,369 shares of the stock were exchanged, compared to its average volume of 4,686,897. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. General Electric has a 1-year low of $100.95 and a 1-year high of $194.80. The firm has a market capitalization of $185.78 billion, a PE ratio of 30.17, a PEG ratio of 1.63 and a beta of 1.19. The business has a fifty day moving average price of $174.34 and a 200 day moving average price of $173.54.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The business had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same quarter last year, the company posted $0.82 EPS. General Electric’s revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts expect that General Electric will post 4.24 earnings per share for the current fiscal year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. General Electric’s payout ratio is presently 19.68%.

Insiders Place Their Bets

In other news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. The trade was a 34.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GE. Sanford C. Bernstein raised their price objective on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Melius Research raised their target price on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Northcoast Research assumed coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Bank of America raised their target price on General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Citigroup raised their target price on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $201.47.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.